Reserve Bank of Zimbabwe (RBZ) deputy director for financial markets William Manhimanzi said the interbank foreign exchange market has so far traded over $33 million.
Speaking at the Institute of Chartered Accountants of Zimbabwe monetary policy review in Bulawayo last Friday, Manhimanzi said:
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To date over $33 million has been traded on the interbank foreign exchange market. It’s not necessarily what we gave them . . . we’re fairly pleased, obviously we want more trades to actually happen. Obviously, people are still holding on because of the 2,5 exchange rate, which was perceived to have been a fixed exchange rate and for those that follow the exchange rate you will see it moving trending upwards going forward.
The Reserve Bank of Zimbabwe (RBZ) is the central bank of Zimbabwe. Its offices are located at number 80 Samora Machel Avenue in Harare. The Reserve Bank of Zimbabwe operates under the Reserve Bank of Zimbabwe Act, Chapter 22: 15 of 1964. The Act provides... Read More About Reserve Bank of Zimbabwe
The Zimbabwean Monetary Policy Statement is issued by the Reserve Bank Govenor in terms of Section 46 of the Reserve Bank of Zimbabwe Act [Chapter 22:15], which requires the Governor of the Reserve Bank to produce a Statement of Monetary Policy giving an account of... Read More About Zimbabwe Monetary Policy